( plural: ‘actuaries‘; for the right pronunciation, please click here)
a person whose job is to estimate and advise businesses, mostly insurance companies, on matters relating to insurance policy risks, dividends, annual rates, etc; a statistician,
There are different types of actuaries: investigating actuaries, appointed actuaries, scheme actuaries, consulting actuaries, etc. who help large businesses and insurance companies in determining the risks and profits in their respective businesses.
An actuary’s job involves analysing data to find out the likely cost of such an event as death, sickness, personal injury, and loss of life and/or property due to man-made or natural disasters.